In addition to that equity stop loss, it seems that there is another form of stop loss.

For example, why the last negative result was equivalent to 3.68% of the equity instead 10%?

I would like to understand please.

Regards.

Hi

When there is 2 open positions like that you are talking about, the EA close 2 positions when the total net profit be 10 pips. If you review the history you can see that the EA has closed the 2 positions in the same time, first one on +36.5 pips and the second one on -24.7 pips.

fxpapa, since it does not open trades with hard SL, can you give us some idea how far in the negative it is willing to ride on a given trade? Is it grid? The only EA's I've seen with an equity curve like this are grid, and they always crash eventually. Can you give us some assurance that this isn't going to crash by explaining a little bit of the strategy? Thanks.

Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.

gwrigh posted: Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.

gwrigh posted: Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.

Dear Qwrigh

FxPapa EA uses equity stop loss. Default value is 10 which means the EA would close the positions if the total loss be more than 10% of the account balance. The EA may open up to 3 positions at the same time.

I think back tests don't prove very much since results can be tampered with by changing setting in the programming while conducting backtests. Live tests are the only pure proof with drawdowns looked at very closely. It takes longer for sure but it's real.

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